US Senator Lummis' new Bitcoin bill demands stricter purchasing plans, and uses the revaluation gains of gold for buying Bitcoin
According to Bitcoin Laws, US Senator Cynthia Lummis has resubmitted the Bitcoin bill to the Senate, after the 2024 version was shelved in committee. The new version, like its predecessor, proposes buying one million bitcoins within five years but contains several key differences.
The 2025 version of the Bitcoin bill sets a stricter plan to purchase 200,000 bitcoins annually (rather than "up to" 200,000 as in the 2024 version). The new edition also strengthens holding requirements and removes exceptions for federal debt repayment tools found in previous versions.
The bill adds provisions coordinating bitcoin purchases with the Exchange Stabilization Fund (ESF), which was not mentioned in the 2024 version. The ESF is a reserve fund of the U.S. Treasury Department with approximately $39 billion in assets; administrative departments' bitcoin acquisitions may tap into this fund.
In terms of gold revaluation, the new version explicitly stipulates that profits from revaluing federal gold reserves should be used to buy bitcoins. In contrast, the 2024 edition only included these funds into general funds - a significant change.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Former Chainlink Product Marketing Director Michael Robinson joins Monad Foundation
The Federal Reserve Eyes $1.8 Trillion in “Shadow Credit”: Dallas and New York Fed Launch First Private Credit Survey
The Dallas and New York Federal Reserves have launched an investigation into private credit lending standards, covering an industry worth 1.8 trillions USD, with a minimum threshold of 50 millions USD. The results will be released in the first quarter of 2027.
Tom Lee Says a VIX Signal Points to a Stock Market Bottom
Is AI an engine or a killer? Morgan Stanley provides answers with data: productivity soars, but nearly 90% of the benefits are taken by 12 industries
Morgan Stanley stated that the productivity dividends from AI are concentrated in 12 highly exposed industries, with growth rates reaching twice the twenty-year average. For the first time, signs of job replacement have emerged.
Crypto prices
More
